Articles
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1 week ago |
news.bloomberglaw.com | Sotiris Nikas |Sonia Sirletti
UniCredit SpA paid slightly more than €600 million ($677 million) to double its stake in Greece’s Alpha Services and Holdings SA, according to people familiar with the matter. The Italian lender announced Wednesday that it bought a stake of around 9.7% in the Greek bank, bringing its total holding to nearly 20%. The transaction cost around €615 million, the people said, requesting anonymity as the details of the deal are not public.
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1 week ago |
bloomberg.com | Sotiris Nikas |Sonia Sirletti
An Alpha Bank branch in Athens. (Bloomberg) -- UniCredit SpA paid slightly more than €600 million ($677 million) to double its stake in Greece’s Alpha Services and Holdings SA, according to people familiar with the matter. The Italian lender announced Wednesday that it bought a stake of around 9.7% in the Greek bank, bringing its total holding to nearly 20%. The transaction cost around €615 million, the people said, requesting anonymity as the details of the deal are not public.
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1 week ago |
news.bloomberglaw.com | Sonia Sirletti |Sotiris Nikas
After seeing two unsolicited deals in a year stalled by unwilling targets and angry governments, UniCredit SpA Chief Executive Officer Andrea Orcel is finally getting a warmer reception. The Italian lender on Wednesday announced that it has doubled its stake in Greece’s Alpha Services and Holdings SA to about 20% and will seek regulatory permission to take its share ownership to just under 30%.
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1 week ago |
news.bloombergtax.com | Sonia Sirletti |Sotiris Nikas
After seeing two unsolicited deals in a year stalled by unwilling targets and angry governments, UniCredit SpA Chief Executive Officer Andrea Orcel is finally getting a warmer reception. The Italian lender on Wednesday announced that it has doubled its stake in Greece’s Alpha Services and Holdings SA to about 20% and will seek regulatory permission to take its share ownership to just under 30%.
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1 week ago |
news.bloomberglaw.com | Sonia Sirletti |Sotiris Nikas
UniCredit SpA has doubled its holding in Alpha Services and Holdings SA to about 20%, marking yet another transaction for the Italian lender - though with backing from the target and the authorities of its home country. The new stake in the Greek bank is based on derivatives that give UniCredit control over about 9.7% of the shares and it comes on top of the about 9.6% it already owns, UniCredit said in a statement on Wednesday.
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